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CBS
Dec 8, 2013 6:30am EST
inequality and a record income gap. the president argued that decade's long shift in the economy has undermind all groups poor and middle class that now face the same problems once attributed to inner city minority groups. one prescription is the height to the federal minimum wage now at 7.25 per hour. >> i'm going to keep pushing till we get a higher minimum wage for hard working american across the country. it will be good for the economy and our families. >> president made his call one day before thousands of fast food workers in 100 cities nationwide walked off the job on thursday in protest of low pay. these workers want a minimum wage hike to $15 per hower, higher than what the democrats want in the state at $10 an hour. president obama supports the 10.10 hike. congress has not raised the wage since 2009 on the legislation passed with george w. bush was president. >> is an increase in the minimum wage justify at a time when real wages for all income levels, except the top have been flat or falling, not rising? >> i think you just made the case, all wages were falling except for
Bloomberg
Dec 8, 2013 6:00pm EST
add aeal that trillion dollars to the economy. u.s. compliments on food subsidies in a latin american block. president obama praised the draft agreement. analysts say it will do more to salvage the long-running doha round of talks and to solve food shortages and tell global commerce. more on this deal later. we're going to hear. the u.s. and japanese economies will recover the most next year. find out more from the chief economist when "first up" returns. ♪ >> australia's largest insurer shares are plunging, the biggest drop in 12 years up down 21%. it is paired off that one. unexpected net loss of about $250 million. it is due to write-downs at the north american operations. this is a stock where watching for you this morning. qbe falling the most in 12 years. that will be one of the lacquers on the sx 200. on tuesday a hearing is due to begin. into the asian on the crash. happened in san francisco in july. people died when the bowl and triple seven hit a seawall as a came into land. they're going to look at the pilot performance. on wednesday it is hong kong's biggest debut in a y
FOX Business
Dec 7, 2013 11:00pm EST
the economy to impve but not want to the fed to stop totally but yet you want to show it is getting better because sees earnings have to grow so the goldilocks scenario is the underlying growth would pick up and yet pick up later but then not have a crash when the rates go higher. dennis: you say the stocks go down with good news becae we are scared of they will tie ended? but today they went up triple digits is there such an attitude to where i think the economy will go okay? >> fortunately a part of that is the investors are confident coming back to the stock market. it will go up even just people thinking it is up. >> what did you think of the report today? >> solid but not spectacular. to reduce thousand jobs is a good bumper but every other indicator was positive. most importantly we saw improvement of the for sandage otheramericans in the workforce. i was happy with this report but we should not be celebratory i rememr in the '80s and '90s we had five budgets thousand jobs in one month but it there is no such styles as to get the jobs created. i would be a hap camper. i think this is
Al Jazeera America
Dec 7, 2013 7:00pm EST
are getting back to work and they have the numbers to back it up. quantity matters more than economy, still, this economy is starting to get more real. >> if you like your doctor, you can keep him, as long as why your doctor is still in your network approximate. >> smokers beware. a company says if you light up, there's no job for you. this is real money. >> this is real money, you are the most important part of the show, join our live conversation on twitter. this is a glass, and it's full. it's not half empty, it's no the half full. it's full. this glass represents the government's employment report. five years after the worst recession since the great depression, america's economic recovery appears to be on solid footing. in november, the u.s. economy added 203,000 net new jobs. that is coming off revised figures that now prove we've added almost 200,000 new jobs a month since the summer. so far, the economy is up 2.1 million jobs this clear. 2013 is likely to be the best year for hiring since 2005. now, all those new jobs tarting to make a real dent in the unemployment rate. it fell to
NBC
Dec 8, 2013 5:30am PST
's making news as we head into a new week. some surprising strength in america's economy. the unemployment rate fell to a five-year low to 7%. data for the previous months were revised higher. all of that sent stocks up early after a five-day losing streak for the dow and the s&p 500. the news sent interest rates on the tenure treasury higher. the second reading of the gross domestic product as well. the gdp growing at a whooping 3.6%. new home sales surged in october. up 25%. that was the sharpest increase in over three decades. analysts expect sharp reviegss downward. auto sales were high as well. rising at the best pace in six month pps gm rose 13%. chrysler 16% and toyota 10%. all of those numbers were better than expected. >>> due to the strong jobs report an the gdp numbers means we picked up enough speed and what does it mean for the fed tapering its buying program. joining us is greg mankiw. he's an economic's professor at harvard. it's great to see you today. >> it's nice to be with you. >> what do you think? we with seeing this long awaited recovery? >> we've gotten good news. th
CNN
Dec 8, 2013 6:00am PST
scalp. >>> after five years of stops and starts, the u.s. economy may be in a steady recovery. the unemployment rate is the lowest in five years. home sales and price rsz up. stocks are rising. gas prices are falling. not everyone is feeling it though. a new cnn poll shows that a quarter of the public believes things are getting better. nour ten say it's getting worse. joining me now kevin hasset, former economic adviser to m.i.t. romney and annie lowry and mark zandy, chief communist from moodies an lit ikz. thank you all for joining us. so is this real? the worst has happened? and we're on the road to recovery? yes? >> yes. i think that we're clearly in a strong recovery now. if you look at the inflection and data over the last couple months, it's really the best couple of months i've seen since the great recession began. consumer confidence is soaring. auto sales jumped up to 16.4 mill dwron above the 16 million which is like the 98.6 for the economy. everything is looking good. it's that rare moment where we seem to be right on the verge of a recovery. >> wow. could someth
CSPAN
Dec 8, 2013 7:00am EST
for the goods in china and other nations. the cap the world's economy humming. it may not work that way anymore . a rebounding u.s. is giving less support for you -- for global growth than it has in the past. the smallest u.s. current account deficits since 1999 shows the trend and the discovery of new domestic sources of oil and gas, it reinforces this issue. the country is spending less on imported energy." you can read the full story on bloomberg's website. the front page of "the pittsburgh post-gazette" -- a look at some of the victims from one year ago and a story that will likely get a lot of attention in the week ahead. this is from "the detroit free press" -- you can get more information by logging on to freep.com. next is robert from massachusetts. decline andre in the reason is because we, as a viewed -- when the world our opinion not to go to war, we would not go with our allies. we are ia country that has of thed because one world sees our moral fabric has declined, that is a decline any way. when bush stole the election world looked the --it is not a has way we go about the world.
CSPAN
Dec 8, 2013 1:05pm EST
anything else, they want a job. but finding work remains very difficult in an economy that still has 1.5 million fewer jobs than before the recession started six years ago. still ha million fewer jobs than before the recession started six years ago. we have never had anything close to such a sustained job deficit after any recent downturn. it has been said in opposition to an extension that the federal emergency unemployment compensation program was adopted, and i quote, for extraordinary circumstances that are disappearing. no, no. these extraordinary circumstances continue adds indicated in the report issued just this morning by president obama's council of economic advisors, that highlights that the current long-term unemployment rate is at least twice as high as it was at the expiration of every previous extended ui benefit program. the extraordinary circumstances in a few words continue. the report also sets out the economic impact of a failure to act. it occurs with cbo, wall street analysts and other economists, that allowing the federal ui program to expire who cost our economy
FOX Business
Dec 8, 2013 5:00am EST
is the story? >> the idea is that it grows when the economy is bad and it contracts when the economy starts to improve. projections are that in the next five years it will go back at the 1996 levels to ensure its economy and the point is to boost wages. neil: one people out of seven people, isn't that bad? >> one person out of seven people is about $23,000 a year getting for food stamps. >> i'm not sure it's one out of seven. but what i hear what melissa is saying. it's a bad economy. 65% of groceries and food stamps duto that. neil: we also relax the standards? >> yes, starting under george bush. as well as president obama. there were a requirements and tests and the like. but that is a recent development. while people are misleading others about when they say that there is not an explosion of food stamps, there's a higher growth rate. what they are saying is rescue the food stamp program for the truly poor. the. neil: we could go back and forth for who is really poor and who is not poor. but you could go beyond food stamps, now you are close to one out of three americans getting assistanc
Bloomberg
Dec 8, 2013 1:30pm EST
looking pretty bad, the president's approval ratings are not looking good either. >> it hurt the economy. >> the economy is moving in the right direction and any sort of shutdown or shake, the uncertainty in washington is what is damaging the economy right now. >> as they take budget off the table temporarily, what is obama doing as his domestic priorities? >> he has to devote all of his attention into righting the healthcare ship. this is his legacy-defining item. the enrollment numbers are looking pretty good but that is in the front end. enrollment is a lot different than actually getting the 7 million people that they need signed up and having purchased health care. they are focusing big on colleges, on getting the word out to be able to get the young uninsured signed up to balance out that risk pool. >> i am not in that risk pool. if they are going punt on entitlements and taxes, which they're going to do, they will not do it next year either, are they? >> i am starting to believe that none of that can happen meaning structural changes to entitlements until we have another big elec
FOX Business
Dec 8, 2013 1:00am EST
the entire country. it will be good for our economy. >> but, as the unemployment rate is heading in the right direction, will this wage hike have jobs taking a hike? hi, everyone, this is "bulls and bears." let's get right to it. the bulls and bears. gary b. smith. tracy burns. john nas max ferris. along with bernard whitman. ll pushing the minimum to the max push out jobs just as they're coming back? >> yes, absolutely, this is the wrong thing to do in an economy that's showing some signeds of recovery. remember, they're targeting the wrong people. this is a great union and democratic slogan to say, look at the ceo, how much he's making. you can't raise the minimum wage to $15 an hour? take mcdonald's nor example. they will tell you, they don't set the wages for the local franchises. these are your moms and pops. these are your neighbors out there. they can't afford -- they don't have huge margins to raise the wages to $15 an hour. remember, if you want to help poverty this isn't the way to do it. the earned income tax credit does it. take this out of politics. take this out of unions. remem
FOX Business
Dec 8, 2013 2:00am EST
you have a slow economy like we had in the 70s, the rich very often get richer but the poor get poorer. that didn't happen during the reagan era, did it? >> no, it didn't. look, it's not just the obama administration's fault. it's the bush administration's fault. the cheap dollar policy creates financial bubbles. who can take advantage of financial bubble? the rich. the poor always have to sell out at the bottom. number one. number two, the regulatory creep that occurred under bush and has accelerated under obama h made it very difficult to expand in areas where you typically find high wage blue collar jobs, in transportation, energy extraction ando on. i hope rick will be pleased to hear that i'm not blaming this entirely on president obama. >> well, on the other hand, mike, president obama's solution to all this and they're saying it in europe, the imf is saying it, is to have this global wealth tax, to tax the rich more, to bring the rich down, that will help income disparity. what do you think of that plan? >> as we've seen under president obama, david, the exact opposite happens.
PBS
Dec 7, 2013 5:30pm PST
the larger part of the economy? >> if you have young people living with relatives and friends, couch surfing, renting instead of buying a home because they don't have the money to do that or the credit built up to do that or have bad credit, that pushes back the time line where they can buy a home and if they do it at all. it also had a big implication for consumer spend coming is the biggest part of our economy. if people are earning less over their lifetime they will be buying and consuming less. >> so everything gets pushed back down the line. >> exactly. >> i'm wondering if the way we thought about these jobs for young people that it's over. that these jobs have been taken by two or thee of these jobs to make up for a salary they had once. they are take care of their families with what we thought of as kids' jobs. is this a new normal? >> the hope is as the economy improves and was get higher demand as companies see a need to take on more workers they will do that and it will open up the lower entry level jobs for the people who have typically had them. the great recession caused a lot o
SFGTV
Dec 8, 2013 10:00am PST
or exposure to san francisco. everyday we witness the birth of innovation and models with the clean economy and the -- excuse me, with the green collar jobs that come with that. we know that the green energy economy can have a market transformation as the it1 we are experiencing here in san francisco but in order to do that we as a city must provide strong demand for energy efficiency and renewable products. that catalyst is greenfinancesf. we have seen other parts of the state of california that have adopted residential programs to great effect recently most notably sonoma and others. and we now know the stories of individuals that have chosen to participate in these respected pace programs and seen the successes that they have encountered. we know these upgrades can save money not only on repair costs and energy services and also monthly energy bills to the tunes of thousands of dollars saved per household. from the beginning we wanted to insure this policy and finance tool have a strong work force component tied to it that put residents to work in this thrg. we can be partners in th
SFGTV
Dec 7, 2013 7:30pm PST
economy involving technically legal inlaw units between world war ii and 1960, there were 20 to 30 thousand in-laws were built, today it'sest mated there are 30 to 40 thousand technically illegal inlaw units, who lives in these in-laws? we know the individuals who live in them are tenants who are typically immigrants, seniors, families and there is a disproportionately high number of children as well as some of our city's lowest income and longest term residents. they live in very affordable units but lack tenant rights. a study in district 11 showed that 45% of residents and in-laws don't even have written leases with their landlords. for many year, there have been significant calls for legalization, inlaw secondary units are simple and cost effective methods of increasing our cost effective supply, organizations from spur to the housing action coalition and tenant organizations have encouraged our city to consider legalization, but unfortunately, we have had a don't ask, don't tell policy, we have turned a blind eye to inlaw policies, it has eliminated an average of 100 in-laws e
CSPAN
Dec 7, 2013 9:00pm EST
of democracy and a propeller of our economy. most importantly, we must really make sure that we figure out how to enable all kids to have the opportunity to not only dream big, but achieve them. >> thank you. let me ask you one or two and then we will go to kimberly to start. let me ask you about the common core standards. you said, you think that obamacare is bad and the implementation of the common core is far worse. who is to blame and anyone stepping up to fix this? >> i am not a big believer in this. i am a union leader and i could easily say, this one, this one, this one. if we are not rolling up our sleeves and actually engaging, then we are in the same debate over who cares about kids. i care about kids, no, i care about kids. that is a debate we are having. let me just say, this is what i think is happened. we do education policy by precedent. i think the governor and the state she's right about saying, let's figure out a set of standards that are aligned to what kids need to know about the global economy. they move pretty fast about it. we were engaged with them and brought a lot of
CSPAN
Dec 8, 2013 6:00pm EST
is coming to the table. iran's economy is in shambles. they were intended to force iran to the negotiating table. so the negotiations could stop progress toward a nuclear weapon. the sanctions were not intended to stop them from being able to accumulate. they were intended to break it back economically and forced into the table. that is the evidence i have. we need them at the table. we need them to agree to a different course of action. this is seeing the growth in centrifuges and pushing them further and further down the line toward developing a nuclear weapon. we need to change that. that is what the negotiations will lead to. >> your thoughts on that? how confident are you that a long-term deal can be reached? everybody says it will be extremely difficult. do you think they will want to reach one? will it be too tough to pull off? >> i remain skeptical because of all the reasons you stated, the lack of trust between iran and others. i do not trust iran. they have been up to some very bad behavior, supporting terrorist groups, moving toward a nuclear weapon. i am not just going to say i
FOX News
Dec 8, 2013 11:00am PST
into the nation's economy when you divided it out, it was about $400,000 per child. the problem with a government stimulus is you pick the winners and loser rs. with this stimulus i'm talking about, a free market stimulus, you simply leave the money in the hands of those who have earned it, so the customers have pickeded out the successful people. those people get more money. like i met a young man, young african man who has his own restaurant. his first question is do you have any tax breaks for me for my business. that's what what would do. help people in business and trying. >> but i don't have to tell you senator, republicans have a steep hill to climb in inner city neighborhoods. in detroit in november, 97% of detroit voters supported president obama. 2% voted for rom thi. the black unemployment rate nationally is still 12.5% and right now, president obama is calling out the gop for what he says is your party to extend long-term unemployment benefits. take a look at what he says. >> for decades, congress has voted to offer relief to job seekers, including when the unemployment rate is lower
CSPAN
Dec 8, 2013 1:00am EST
in education, investments in infrastructure, and trying to figure out an economy that works for all i think is important. take tomorrow, fast food workers. 100 places where the fast food workers are going to be staging strikes. and who are the fast food workers now? it is no longer 18-year-old, 19- year-old, 20-year-old kid trying to get into college, or in college and doing this is a job. when you go to mcdonald's, when you go to walmart, you are seeing people in their 60s and 70s. this is wrong. and so i think there is a sense we will see. so, but, in terms of my belly wake, public education, on december 9 there will be over 60 events, 60 cities, counties, towns, and more coming every day, of parents, community groups, clergy, are union foundations talking about how to do bottom up reform, solution reform, community-based reform that actually helps kids be more successful than schools. so we are seeing this community work and this bottom-up organizing in public education, as well as in economic issues. job issues. >> mr. sellwood. >> you mentioned that we should not have a race to the bot
FOX
Dec 8, 2013 6:00am PST
's economy. when you divided it out it was about $400,000 per job. the problem with a government stimulus is you pick the winners and losers. with this stimulus that i'm talking about, a free market stimulus, you simply leave the money in the hands of those who earned it. so the customers have actually picked out the successful people, the ones they choose to buy products from. those people get more money. like i met a young man, young african-american man who has his own restaurant. his first question is, do you have any tax breaks for me for my business? that's what this would do. it would help people who are already in business and trying. >> i don't have to tell you, senator, that republicans have a steep hill to climb in inner city neighborhoods. in the city of detroit in november, 97% of detroit voters supported president obama. 2% voted for romney. the black unemployment rate nationally is still 12.5%. and right now president obama is calling out the gop for what he says is your party's refusal to extend long-term unemployment benefits. take a look at what he said this week. >> for
PBS
Dec 8, 2013 7:30am PST
overnight now if the economy. whaley hiding in the fall. it's the markets are expecting and it is a meeting in the folds our ukraine so it is a very serious situation the ukrainian central bank that's all it is almost grown it doesn't have any money and won't be able to support the ukrainian currency going forward. unless you train gets credits immediately. a tiny baby genius denying a half months to sell us oil joint exploring fish a look at me with only the least for the mine. the demonstrators and i refusing to meet the training site despite the heavy police presence saying the court of asian extraction method could permanently damage the environment is the capital for custody. in a remote part of romania ideal rage and fury protesters stormed the work site operated by chevron. police responded with full force those who didn't leave willingly were dragged away so you can see at sony up in my country i live in the place for scenes of the high political price taste of home projects the company front of the net the the people here want to know is who will protect them from big business. th
Bloomberg
Dec 8, 2013 9:30am EST
ratings are not looking good either. >> it hurt the economy. >> the economy is moving in the right direction and any sort of shutdown or shake, the uncertainty in washington is what is damaging the economy right now. >> as they take budget off the table temporarily, what is obama doing as his domestic priorities? >> he has to devote all of his attention into righting the healthcare ship. this is his legacy-defining item. the enrollment numbers are looking pretty good but that is in the front end. enrollment is a lot different than actually getting the 7 million people that they need signed up and having purchased health care. they are focusing big on colleges, on getting the word out to be able to get the young uninsured signed up to balance out that risk pool. >> i am not in that risk pool. if they are going punt on entitlements and taxes, which they're going to do, they will not do it next year either, are they? >> i am starting to believe that none of that can happen meaning structural changes to entitlements until we have another big election or some kind of big economic shock
SFGTV
Dec 8, 2013 7:30am PST
and interview training and all while providing pathways into the economy. as you can see from this photo it's representative of the city many diverse cultures and backgrounds. a little bit about myself i grew up in district 10 and been a resident my whole life and grew up going to 345rg9d king pool. that's the first thing we saw and on your right this is the opera house. those are some of the schools i've attend the elementary school the valley middle school and burton academic high school all within the district. after graduating high school i wanted to be a productive men of the community a cousin of mine gave me information about 9 neighborhood design which is 14 week carpentership program we focused on materials conservatism as well as energy efficiency. it was here that i found out about the green economy through the curriculum which some of you may not have heard of it was developed in part by john's who was a key advisors to obama on the green economy. from that program i was introduced to environment now this is a great picture of us doing outreach. we're the field for the streets.
ABC
Dec 8, 2013 9:00am EST
. >> the wall street journal sayss the president is moving left on ththe economy to cover up t failures of obamacare. income inequality was enough to get the yor of new york elected. >> income inequality is a reality. you can't argue about it. it is deningng. the realality is, first of all that the financial sector of the country has gotten bigger and more important anand has bier slice of thehe pie. basilly we are responsible for alall of the pain and all of the dislocation american suffered in the financial crisis and d has done this well since that time. the median incncome, household income, has leveled off or even fallen. the president t is speing the truth. one could say because of health care, whwhatever. this is the central question of our time. if you take american mobility, which s fallen, that somebody born to deprivation, the opportunity and education to rise, we are less abable to do that then were. we have to reclaim that appeared -- that. >> i think we have to back to something else, obama took office and literally wasted two years doing almost nothing while median inc
CNN
Dec 8, 2013 7:00am PST
the booming american economy. i'll ask the man who presided over great growth and some critics charge also helped create many bubbles. former fed chair, alan greenspan. >>> and as we approach the first anniversary of the new town massacre, what can the u.s. learn from other nations about gun policy. i'll take you to japan for a fascinating look at a nation that loves violent video games but has a gun death rate that is very different from america's. it's a preview of a gps special airing tonight at 7:00 p.m. eastern. >>> but first, here's my take. when nelson mandela was released from prison in 1990, i remember being struck by how old-fashioned he seemed. he spoke with the language cadence and manners from the 1930s, 40s and 1950s. he reminded me of the great national leaders of the post colonial world who led their countries to freedom. he had the same way of speaking and dressing, the same dignity and bearing, the same sense of history. and mandela was a throw back to an early time. who changed the course of history. 27 years in prison had kept intact his manners, but also his morals. hi
FOX News
Dec 7, 2013 4:00pm PST
's everyday reinvesting for your personal economy. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is. 3 million homes. by 2030, investments in energy efficiency could help americans save $300 billion each year. take the energy quiz. energy lives here. i have a great fit with my dentures. i love kiwis. i've always had that issue with the seeds getting under my denture. super poligrip free -- it creates a seal of the dentures in my mouth. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. super poligrip free made the kiwi an enjoyable experience. [ arlie ] try zinc free super poligrip. >>> i'm harris faulkner. this is "the fox report." it is the bottom of the hour. if you're joining us, an american u.s. veteran jailed in north korea is finally home tonight. 85-year-old merrill newman says he tried and he's tired and rea
CSPAN
Dec 8, 2013 5:45pm EST
to try to take the steps to try to get the economy going on in consistent basis and bring unemployment down. he is going to propose a number of tax cuts or tax preferences as well as spending increases to try to do that and that may exacerbate the short-term but then he pivoted which i think is important to talk about the structural deficit. and that is what threatens the state. it's not the ice that is above the water. it's the ice that is below the water. it's not the debt on the balance sheet, it is what is off the balance sheet that disrupts the future and he talked about three things, he talked about freezing a portion of discretionary spending, less than 20% of the federal budget for three years. three years is better than one book, and you know, frankly it is a modest first step especially since discretionary spending has increased 20% plus over the last two years in the second we talked about supporting the pedro rule the senate might be voting on right now. there's lots of holes big enough to drive a truck through and on the other hand it does provide some come strains that ot
ABC
Dec 8, 2013 8:00am PST
, the economy is coming back. so many americans left behind. we'll taken to debate of inequality and fair wages. and james carville and mary matalin join our roundtable. >>> and a once-in-a-lifetime interview with nelson mandela from our archives. >> they were very harsh. and then i responded to my colleagues that look, we must fight and fight from the beginning. >> his secrets to survival in our "sunday spotlight." [ daughter ] my dad always talks about the deal he and mom made with me when i was ten. he said, "you get the grades to go to college -- and we'll help out with the school of your choice." well, i got the grades and, with dad's planning and a lot of hard work, i'm graduating today with a degree in marine biology. i'm so thankful and excited about the future. [ male announcer ] for strategies on how to help your family achieve financial success, visit pacificlife.com. on how to help your family achieve financial success, every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy o
CSPAN
Dec 7, 2013 11:00pm EST
able to improve reforms. instruments tous have a very strong economy and especially, very good social results. the facts are there. the economy is growing almost at an average of 5.0%. we have been creating jobs for 14 months in a row. we had a performance of 40 months, month after month, the unemployment rate was going down. we can say that very proudly colombia has created more jobs than any other country in latin america, including brazil. this is something which i think is very important. the jobs that we have been creating for the first time our formal jobs instead of informal jobs. we have put in place specific and focused public policies and ,aken action to fight poverty extreme poverty. peru,sides through -- which has been the country that has performed better in this are theafter peru we best performer in the whole region in terms of decreasing poverty. and also against extreme poverty we have put in place specific actions and we have been able to take on extreme poverty more than one million -- for more than one million colombians. one of the big problems that we bottlenecks
CSPAN
Dec 8, 2013 10:25am EST
's the origin of the economy. what
FOX News
Dec 8, 2013 12:00pm PST
need to survive in the world and compete in the world and we're now in a global economy competing for skills, that we need to be making progress on this chart rather than go behind. what also has people nervous is this comes despite many years now of the united states being focused on this question, no child left behind, other pieces of legislation, common core debate, state efforts and we're not necessarily making huge progress. >> no noticeable improvement. >> but rankings have very little to do with the success of individuals in later life, much less the success of the economy. there's this false equation that companies with great educational systems, is that true of japan? absolutely not. take a country like -- >> fewer people than new york city. >> yes. >> it's got half as many people as belgium and that's why it makes it ridiculous, comparing them to a country of five million people -- >> so we should ignore them? >> yes, we should ignore them. we put more and more money into schools with really little to show for it. >> that's the opposite, in fact. because what's happened
MSNBC
Dec 8, 2013 12:00pm PST
economy is improving. we have doubled our production of clean energy. doubled our traditional energy sources. we are on the brink of being as close to energy independent as any country our size could be in a very long time. we still have the best universities and companies on earth. we're the envy of the world. so i continue to have great confidence in our capacity to solve our problems. there is a specific challenge that we've got. that is a congress and this city, washington, that is gridlocked and spends too much time worrying about the next election and not the generation. the solution to that is ultimately what was envisioned by our founders. and what jack kennedy understood as well. and that's the american people. we go through these periods where our politics gets all bollucks up. the truth is when you look at our history, there's been a lot of times where congress gets stuck. but the reason we get through it is the american people have good instincts. if over and over again they see we're not addressing the core problems we have, eventually they will put in place folks who ar
FOX Business
Dec 7, 2013 8:00pm EST
economy? >> i couldn't agree more. i think if they left us more -- gotten aetna, cigna, united and the blue cross plans in a room together and said let's figure this out. why don't you go on theebsite for us, it would have been a lot more successful and done a lot more quickly. i think the more they delegate to private k350e7bs, the better off they'll be. they're learning it the hard way. >> they're learning it the hard way. i take your point that these are good people, smart people, but not really the people i, frankly, give a damn about. i'm concerned about the america people, the people who have been promised much by an administration that seems to be capable of very little. the idea that we've gone through, over the last three fiscal years, they've raised over $50 billion in revenue for the affordable care act. they're on track right now there will be an additional 500 -- can we put that up, $50 billion collected, 20 through '12. then, of course, this year and next -- through the next ten years, we'll add $500 billion, creating in just medicaid unfunded liabilities because
Bloomberg
Dec 8, 2013 6:00am EST
will be better than in 2013. even in the long-term secular view, when you have a global economy that is growing, we have noticed a trend that the merchandise exports as a percentage of gdp is doubling at a faster rate than any time in world history. >> all of the doom and gloom and talk about unemployment and the u.s. growing slower than it should, you can listen to that data and recognize there is global growth. >> yes, and the fundamental changes will be better in 2014 than in 2013. the u.s. grew 1.7% 2013. we think it could be 2.5% next year, in part because the contraction and fiscal policy will be less next year. >> we are focused on alternate assets on this show. how does water work? >> water is unappreciated -- its global consumption pattern is directly correlated to rising global incomes. if we are right that the world's population is going to grow by another 2 billion people in the next 15-20 people, water consumption is going to go up meaningfully. >> any company that can treat it and process it and clean it will benefit. so much of global growth is derived in cities. >> when we think
CSPAN
Dec 8, 2013 10:00am EST
of their economy, and so it's led to as it has here this incredible divide between those who have and those who don't. and many of those who don't tend to be the young people. and jonathan is this young boy who, when you meet him, is essentially homeless. >> yeah. he's living -- >> and very troubled. >> living on the street, sleeping in an alley when i first peat him. having run -- meet him. having run away from a township known as atlantis. not the miraculous place, but rather a very real place that was part of the formal process of apartheid was removing people, eliminating the black spots from places like capetown. people were pushed out, in this case about 40 miles away from capetown, concentrated in areas where there was no industry ask the rest of it. -- and the rest of it. so we understand what spatial apartheid looks like in chicago. formal apartheid in which that kind of separation was imposed by law. and be as a result of that, predictable results. the only industry there is the drug industry which jonathan had come up in. his step dad was a big dealer, and he had run away to the streets.
FOX Business
Dec 8, 2013 2:30am EST
dollars that would stimulate detroit's economy. >> basically a flat tax but flat nonetheless. >> absolutely. flat and very low. we also look at regulations and try to get rid of the owner's regulations that's making it expensive for city government and for businesses to locate in detroit. we think if you combine all of this, that it would be the model for how you would rescue cities across the country but any impoverished area. we have impoverished areas in eastern kentucky. we think this same plan would rescue them and parts of louisville and other major cities. >> maybe the country while you're at it. we have had five years of spread the wealth. you didn't build that. share share economics. where has obama failed detroit? >> here's the problem. the president says let me tax houston, send it to washington, then i'll pass it out to some otr part of the country. by doing so, he picks the winners and losers. picks which businesses he thinks will succeed and then he gives them money. but too often this becomes sort of a kroeny capitalism where the government takes money from som
CBS
Dec 8, 2013 8:00am EST
away from a drug economy. to a more diverse and traditional egrarian type of economy. so we put in place the road map opportunities. will the afghan people be able to achieve it? much will turn on their governance and their own leadership. but we have laid that opportunity in front of them. i don't think we can back away from the necessity to continue assisting. canada has committed $100 million ongoing. and there is an old legal maxim that says once you start to render assistance, you have to continue. you can't let somebody drown. and i think the international community does recognize that. and also that the stakes are high. there are many, as is the case ongoing, in syria that are playing in this particular part of the world and st needs to win. there needs to be an ongoing and lasting stability in that country, and in that region. >> let me ask about the security conference and you were the founder of this event, in hall fax, and has it developed the way you expected and where do you think it is going to be five years from now? >> well, i'm really proud and i'm humbled the b
PBS
Dec 7, 2013 5:30pm PST
. the wto says the bali deal could add one trillion dollars. the global economy. it is so great people you need is a milestone for the wto. it marks the organization's first global trade deal since its creation in nineteen ninety five for the first time in our history the wto has truly the limit the deal will lower trade barriers and speed up the passage of goods through customs. most importantly its terms apply not just to reach industrialized states and also the poor developing countries. analysts estimate it could boost the global economy by hundreds of billions of dollars. we have achieved something very significant. people all roam the world will benefit from the beckett who have delivered here today. but some critics say the agreement could prevent or countries from setting their own priority areas like environmental protection workers rights and food security. negotiations dragged into an extra day after last minute legal threats from individual countries. he objected to the removal of a reference to the us trade embargo and india objected to provisions that might stop it from stock
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